DislikedGoing into next week and provided that there is no additional threats of war this is my outlook for the USDJPY..... The USDJPY has reached the 108.50 level...It may drop another 20 pips or so... In any event if this area holds we can see the pair head back up retesting the 110.04 area by the end of the week. Therefore a retest of 109.21, 109.38 109.60 and 109.90 to the final area of 110.04...If the pair fails to hold in the 110 area we can see a decline the following week and for the remainder of the month heading towards 107.50 and the final straw...Ignored
Looks like Target No. 1 is approaching 109.21.... lets see what happens into the Euro Session